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NORFOLK, Va., Dec. 4, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates, Inc. (Nasdaq:PRAA), a financial and business services company operating in the U.S. and U.K, has been recognized by Volunteer Hampton Roads as a recipient of its 2013 Corporate Volunteer Excellence Award.

The Corporate Volunteer Excellence Awards are presented annually by Volunteer Hampton Roads, in partnership with the Hampton Roads Corporate Volunteer Council and
Inside Business, to recognize companies with outstanding workplace volunteer programs. PRA was recognized in the "Good Corporate Neighbor – Large Business" category for companies with more than 300 employees. The award was presented at the Westin Virginia Beach Town Center on Wednesday, December 4.

"Over the years, PRA employees have devoted thousands of hours of their time to support nonprofit and community-based organizations in Hampton Roads and across the country," said Steve Fredrickson, chairman, president and chief executive officer of PRA. "Our employees are genuinely motivated to make our communities a better place, and they know it all starts with one person volunteering to help serve someone in need."

Since its founding in 1996, PRA has earned numerous awards for business growth, community involvement and philanthropic giving. PRA was a previous recipient of the Volunteer Hampton Roads Corporate Volunteer Excellence Award in 2011. In 2012 and 2013, PRA was also named one of
Fortune's 100 Fastest-Growing Companies and one of
Forbes' Top 25 Best Small Companies in America.

About PRA

As a leader in the U.S. debt buying industry, Portfolio Recovery Associates, Inc. (Nasdaq:PRAA) returns capital to banks and other creditors that helps expand financial services for consumers. PRA collaborates with its customers to create affordable, realistic debt repayment plans. The company also provides a broad range of fee-based services to local governments and law enforcement, U.S. businesses, institutional investors, global hedge funds, and U.K. banks and creditors.

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